Advisory Services

McKonly & Asbury recognized years ago that we must be more to our clients than just auditors and tax accountants. To that end, we made a considerable investment in building a team of professionals with unique capabilities, experience, and certifications to enable us to provide focused solutions to the needs of our marketplace. Additionally, we believe that it is important to focus on what we do best, and partner with others in our professional network to bring our clients a wider range of services as they deem necessary.

Among the services we provide are:

Business Valuation Services

Our full-service business valuation practice offers well-reasoned and thoroughly documented formal business valuation reports for a variety of purposes. Feel confident in our experience and expertise as our valuation professionals practice full time in the field of business valuation and have provided hundreds of valuation opinions for entities of all sizes across many industries. Our work has been subject to review and has been accepted by the IRS, Department of Labor, and numerous well-respected accounting and law firms.

Many companies and organizations are continuing to look for ways to reduce their internal cost of operations and overhead. Implementing LEAN principles has become a very important concept and one that may help improve overall efficiency of operations, directly impacting bottom line results.

The technical definition of LEAN manufacturing is “a systematic approach to identifying and eliminating waste (non-value-added activities) through continuous improvement by flowing the product at the pull of the customer in pursuit of perfection.”

McKonly and Asbury can assist most organizations with an assessment of their business processes and provide value added services to support any LEAN initiate. McKonly and Asbury partners with MANTEC, Central Pennsylvania’s Industry Resource Center, in providing comprehensive LEAN services.

All companies have a need for a good system of processes and internal controls, especially for financial reporting and information technology controls. Evaluating the system of internal controls requires time, knowledge, and experience. Our Internal Audit & Management Consulting Team has the needed expertise and experience in process and internal controls auditing to assist in meeting your organizations needs in these areas. Our services include:

Fraud and abuse is a widespread problem that effects practically every organization regardless of size, location, or industry. We specialize in the areas of Fraud Prevention, Fraud Detection, and Fraud Examination with the ability to:

Internal auditing is more than just a policing operation. Now more than ever, the demands of modern business require an organization to be customer-focused while always ensuring that management controls and due diligence requirements are constantly monitored and enhanced. As companies grow and economic conditions change, it becomes more difficult to have an in-house department with all the skills needed to address all the internal audit needs of your organization.

Internal Audit Outsourcing and Co-sourcing gives a company the opportunity to bring in an auditor with specialized skills to help add value to the organization. Outsourced and co-sourced internal audit can transfer knowledge to the department and recommend efficiency improvements. Your company can also benefit from the sharing of resources and tools. Whether you are looking for a new viewpoint or the ability to cover unexpected staffing needs outsourcing or co-sourcing might be the solution for you.

“McKonly & Asbury provides valuable insight to our business, along with opportunities for significant tax savings – including the identification of almost $500,000 in available income tax refunds and credits. McKonly & Asbury has assisted us in navigating the complicated tax structures in states all over the country. We are very happy with our decision to work with McKonly & Asbury as our trusted business advisors.”by Jason Linsey, Chief Financial Officer Stauffer Biscuit Co., Inc.